Jay Bryant
2008-06-12 21:52:43
The wild card is if Iran and Venezuela spend the next 5 months filling their own oil storage facilities, and quietly “not loading” their tankers. Oil goes to 200, or more, but they are “supplying” at full production, right? No, they are sitting on their supply, until after the election. Then in November they can sell forward contracts on their massive accummulation, after the US throws in the towel on Senator John McBush of course. Ahmadinijad and Chavez break even on their oil “trade”, but influence elections for a “friendlier” Obama.
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